CLC 008 Indirect Costs An indirect cost is any cost not directly identified with a single, final cost objective, but rather identified with two or more final cost objectives. Indirect costs are used for pricing of contracts, interim contract billing, and determination of actual contract costs. The purpose of this training module is to serve as a primer for those who are unfamiliar with Indirect Costs. The module is particularly valuable if you are planning to take CON 250, Fundamentals of Cost Accounting Standards - Part I.
The DPAP policy letter on Contract Pricing and Cost Accounting Compliance with DFARS 252.211-7003, Item Identification and Valuation which covers guidance on pricing and accounting for costs necessary to implement UID on contracts subject to FAR Part 31 and the applicable CAS, found at: http://www.acq.osd.mil/dpap/policy/policyvault/2004-0502-DPAP.pdf